To perform an integrated audit, an auditor must evaluate management's assessment of internal control over financial reporting.
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To perform an integrated audit, an auditor must evaluate management's assessment of internal control over financial reporting. To accomplish this task, auditors evaluate management's process of identifying, documenting, and testing controls, including communication and remediation of identified deficiencies. Why do you believe that auditors should be required to make this evaluation if they also are required to assess the effectiveness of internal controls based on their own tests and assessments?
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Related Book For
Auditing Assurance And Risk
ISBN: 9780324313185
3rd Edition
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
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